Borrowers feel the pinch of 'really strict' lending rules
Former Queensland state premier, Anna Bligh, has hit out at the strict serviceability rules lenders have imposed on borrowers, arguing they ...
DUDLEY, 2290 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling DUDLEY, 2290 values up and netting property investors a capital gain of 13.82% for the past year.
Investors saw the median home price rise to $811,000.
Profits due to an upward trend in home prices in the suburb averaged 8.26% per annum over a 3-year period.
DUDLEY now ranks at the 43rd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in DUDLEY are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $450 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In DUDLEY, homes and units usually stay on listing for an average of 48.1 days.
In 2016, 38 properties were sold in DUDLEY during the past year, making it the 547th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $811,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 13.27% | N/A |
| Median 12 month | 13.82% | N/A |
| Median 3 years | 24.77% | N/A |
| Median 5 years | 46.79% | N/A |
| 10 years average annual | 7.81% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 48.1 days | N/A |
| Gross Rental Yield Percent | 2.89% | N/A |
Former Queensland state premier, Anna Bligh, has hit out at the strict serviceability rules lenders have imposed on borrowers, arguing they ...
Faults, failures and flammable materials in big name developments across Sydney has caused a wave of panic among investors eyeing or buying ...
When it comes to property markets, there is usually never a perfect equilibrium. In fact, there might be a few surprises in store from the p...
North Queensland property owners who were impacted by floods earlier this year will continue to be granted support by the ATO this tax time....
Tune in to the latest episode of Property Showcase, the podcast with the inside track on the products and businesses that will help turbocha...
Almost a third of young Aussies are looking to enter the property market in the next five years, but they are missing some vital steps in th...
Get notifications in real-time for staying up to date with content that matters to you.